Quick facts: Harrison, NJ

Quick Facts

112.9
Cost of Living
above US average
19,801
Population
22.83
Crime Rate per 1000
below US average
$72,773
Median Income
below US average
$629,000
Median House Price
above US average
$2460.08
Average Rent
above US average
11%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $72,773.

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Income Needed to Buy

βœ— Stretch
$197k/year
Based on $629,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $197k vs median $72,773
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Income Needed to Rent

⚠ Stretch
$105k/year
Based on $2460.08/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $105k vs median $72,773
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Harrison, NJ

Harrison, New Jersey, is a vibrant town in Hudson County, located just west of the Passaic River and only a few miles from Newark and New York City. Known for its rich industrial heritage, Harrison has transformed significantly in recent years, evolving into a desirable mixed-use community. The town offers a blend of residential, commercial, and recreational spaces, making it an appealing location for families and young professionals. Harrison is home to several parks and green spaces, providing residents with recreational opportunities and a place to relax. The town also boasts an expanding dining and shopping scene, particularly around the Harrison Waterfront, which has seen significant development. With excellent transportation options, including NJ Transit trains and buses, commuting to Manhattan and other parts of New Jersey is convenient. The proximity to major roadways, such as the Turnpike and Route 280, further enhances accessibility. Overall, Harrison offers a unique combination of urban convenience and suburban charm, making it a dynamic place to live and work.

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